Peter Schiff Takes A Victory Lap As Gold Hit New All-Time High At $3,600: Bitcoin Is The 'Wrong Horse'
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Bitcoin critic Peter Schiff highlighted gold's surge to an all-time high of $3,600, suggesting that investors who favor Bitcoin over gold have "picked the wrong horse." Bitcoin is currently about 15% lower than its 2021 peak, while gold's rise is attributed to the Federal Reserve's anticipated rate cuts. Some Bitcoin supporters argue that while gold may excel in the short term, Bitcoin will outperform in the long run. Analysts predict gold could reach $4,500 within a year, indicating a potential bullish signal for Bitcoin if it breaks out of its current range.
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